International institutions are important to international business managers because, in general, they:

Question

Quizplus · Accepted Answer

International institutions, such as the World Trade Organization (WTO) and International Court of Justice (ICJ), provide a framework for resolving disputes and conflicts that may arise in international business. This limits the potential for legal or financial issues that could harm the success of the business. Additionally, these institutions may promote development through the establishment of trade agreements and policies that benefit multiple nations. However, they do not limit financial responsibility or actively encourage immigration and labor mobility.

International Institutions Are Important to International Business Managers Because, in General